The Purpose of a Mastermind Group

I am thrilled to be kicking off my new Mastermind Group this week! Right when my kids are returning to school and establishing their new routines, a group of powerful mompreneurs and I will start our own new routine to help us all grow and be successful.

I created the Mom Biz Mastery Mastermind Group to give successful mom entrepreneurs a dedicated group of their peers who can help brainstorm, inspire and support each other. But what really goes on in a Mastermind Group?

Karyn Greenstreet, a self-employment expert and leader of multiple Mastermind Groups, describes a Mastermind this way:

In a Mastermind Group, the agenda belongs to the group, and each person’s participation is key. Your peers give you feedback, help you brainstorm new possibilities, and set up accountability structures that keep you focused and on track. You will create a community of supportive colleagues who will brainstorm together to move the group to new heights.

You’ll gain tremendous insights, which can improve your business and personal life. Your Mastermind Group is like having an objective board of directors.

Most of the mompreneurs I coach tell me how isolated they are from their peers, that they have very little contact with a community of people who understand them and can give them advice and clear feedback. The Mom Biz Mastery Group will create a space for each of the members to give and receive support from all the others. Imagine a whole team of people who understand your goals, your dreams and your challenges. They listen to you share what you’re trying to accomplish each week. They ask questions, give you their thoughts, and follow up with you the next week to see if you did what you said you would. And you do the same for them, sharing your insight, your best practices, your experience.

I believe mompreneurs need a lot of support from people who are either on their level, slightly above them or just behind them to be successful in their endeavors in motherhood and in running a business. Being part of a Mastermind Group can provide just that.

Check back tomorrow when I discuss what you can expect to get from a Mastermind Group. And if you are (or have been) part of a Mastermind Group, I’d love for you to share your experiences here. What did you accomplish by being part of your group? What sort of rules and guidelines did your group have? What was the most valuable thing you gained from your Mastermind Group?

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